What is the primary goal of the ADB's new financing scheme for critical minerals?

The primary goal of the ADB's new financing scheme is to help countries in Asia and the Pacific develop responsible, value-adding supply chains for critical minerals—specifically supporting project preparation and infrastructure financing for processing, manufacturing, and recycling—so the region moves beyond being merely a source of raw materials to capturing jobs, technology, and economic value in clean energy, batteries, electric vehicles, and digital technology.

Which institutions have committed financial support to the ADB's critical minerals facility, and what forms did their contributions take?

Korea Eximbank and K-SURE (Korean Trade Insurance Corporation) each signed a $500 million memorandum of understanding as the facility’s first partners, while Japan and the UK contributed smaller grant amounts specifically to cover early-stage project work.

ADB launches finance scheme for critical mineral supply chains

May 3, 2026

The Asian Development Bank launched a financing scheme to develop critical mineral supply chains in Asia-Pacific for clean energy and batteries, aiming to boost local processing and manufacturing. Korea Eximbank and K-SURE signed $500 million memorandums as initial partners.

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ADB launches finance scheme for critical mineral supply chains

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